Netflix: “Unsurprisingly, given their dominance in the cable television marketplace, the proposed merger would give Applicants the ability to turn a consumer’s Internet experience into something that more closely resembles cable television.”

The new umbrella company aims to be “the world’s largest fashion subscription e-commerce company.”
It has 33 million members around the world and is predicted to generate over $400 million sales in 2014.

Chinese antitrust and competition authorities have approved Google’s deal to purchase Motorola Mobility for $12.5 billion dollars, The Wall Street Journal reported Saturday. The merger, which was announced nine months ago in August 2011, will likely close next week.

The top two online-video sites in China, Youku and Tudou, are merging into one super-company that will be called Youku Tudou Inc. The YouTube-esque companies are traded on the NADSAQ as YOKU and TUDO, and will retain separate brand identities.

Telcom AT&T may divest a significantly larger portion of assets to ensure that the company’s merger with T-Mobile is completed, according to a Bloomberg report that cites unnamed people familiar with the matter.

It’s official: Groupon makes a ridiculous amount of money. In fact, it makes more than enough to reject Google’s offer, worth somewhere between $5 billion and $6 billion, to buy the daily-deal company.